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24 May 2009 | 9 replies
In this situation the lien could be considered a "defamation of title," and become an actionable item with fines and penalties against the lien holder.
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23 February 2017 | 10 replies
To be official:The IRA participant’s spouse The IRA’s participant’s ancestors and lineal descendants (mother/father/daughter/son) Spouses of the IRA participant’s lineal descendants (son/daughter’s spouse) Fiduciaries of the plan (custodian or trustee) Investment managers and advisors Any corporation, partnership, trust, or estate in which the IRA holder has a 50% or greater interest Essentially, the IRS wants to make sure that the IRA holder cannot benefit now from a retirement account they are not eligible to benefit from until retirement age.Hope that makes sense - good luck!
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14 April 2020 | 22 replies
then the EAT (the exchange accommodating title holder set up by the QI) holds the property until you have completed the sale of your old property.
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14 February 2018 | 5 replies
My $10,000 stayed with the option-holder, but I was able to make it back multiple times in cash flow.
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25 December 2017 | 7 replies
It should have provisions concerning events of default and how the lender/holder must proceed once default does occur.
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29 May 2021 | 16 replies
The banks will only loan the amount the title holders put in themselves for delayed financing (so perhaps you or your partner could be on title as well).
23 July 2019 | 4 replies
The note dose not become Due because the note holder does not change.If you have a mortgage on the property, contact your lender. ...Form an LLC, if you haven't already. ...Obtain a Tax ID number and open an LLC bank account. ...Obtain a form for a deed. ...Fill out the warranty or quitclaim deed form. ...Sign the deed to transfer property to the LLC. ...Record the deed. ...Change your lease.
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3 May 2009 | 5 replies
When you purchased the property in YOUR personal name, you (persoanlly) were listed along with the lien holder as the insured, and now that the entity is the owner, the policy beneficiary needs to be your entity and not you, otherwise, the insurance carrier could deny a claim as YOU personally do not own the property anymore.
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5 February 2018 | 5 replies
The investor would then market to those note holders to buy their notes at a discount or refer to an institutional note investor.
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29 August 2015 | 24 replies
Instead of the new mortgage paying off the old mortgage to a bank, it will pay off the old land contract to the land contract holder.